Branch, Chain, and Group Banking: Hearings Before the Committee on Banking and Currency, House of Representatives, 71st Congress, 2nd Session Under H. Res. 141 ... 1930 |
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Page 6
... zone of operations of such banks , there would be no logical reason for the ... trade areas of the cities in which such banks may be situated . These trade ... area may extend from one Federal reserve district into another , nor should ...
... zone of operations of such banks , there would be no logical reason for the ... trade areas of the cities in which such banks may be situated . These trade ... area may extend from one Federal reserve district into another , nor should ...
Page 23
... trade area of the city in which they may be situated . I realize that while the term " trade area " itself is susceptible of definition , there may be found some practical difficulties in mapping out a given trade area . retically of ...
... trade area of the city in which they may be situated . I realize that while the term " trade area " itself is susceptible of definition , there may be found some practical difficulties in mapping out a given trade area . retically of ...
Page 24
... areas which have been delimited upon the basis of the relationship of the flow of trade to ... trade areas would cause the New York banks to decrease in relative ... area com- munities . Instead of nearly all of the largest banks being ...
... areas which have been delimited upon the basis of the relationship of the flow of trade to ... trade areas would cause the New York banks to decrease in relative ... area com- munities . Instead of nearly all of the largest banks being ...
Page 27
... trade area . There would be only one board of directors and one set of corporate minutes . The formulation and initiation . of the policy for the bank would be subject to a single responsibility and the Comptroller of the Currency ( or ...
... trade area . There would be only one board of directors and one set of corporate minutes . The formulation and initiation . of the policy for the bank would be subject to a single responsibility and the Comptroller of the Currency ( or ...
Page 32
... trade area , either through an exchange of its stock or for cash and the control of each one of those banks is held through stock ownerships by the corpora- tion . Mr. WINGO . Now , I do not catch that difference . Take , in the first ...
... trade area , either through an exchange of its stock or for cash and the control of each one of those banks is held through stock ownerships by the corpora- tion . Mr. WINGO . Now , I do not catch that difference . Take , in the first ...
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Common terms and phrases
amount assistant bank failures Bank of Italy bank suspensions banker BEEDY ber June Decem bonds borrower branch banking system branch systems BRAND BUSBY cent chain banking chains or groups CHAIRMAN charter city bank committee Comptroller Congress Congressman corporation country banks Currency December DECKER depositors deposits directors DUNBAR earning assets examiner Federal reserve act Federal reserve bank Federal Reserve Board Federal reserve district Federal reserve system funds GOLDSBOROUGH Governor YOUNG group banking holding company increase institutions interest legislation LETTS loans and investments LUCE McFadden McFadden Act member banks Minn Minneapolis national banks North Dakota Number of bank number of branches operation paid parent bank permitted POLE profits purchase question securities SEIBERLING situation small banks statement STEAGALL STEVENSON STRONG surplus system of banking tion Total trade area Transamerica Corporation trust companies unit banks usury WINGO York banks
Popular passages
Page 110 - States provides that the Congress shall have power — To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures: To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 599 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 599 - Any number of persons, not less than three, may associate to establish a corporation for the transaction of any lawful business, or to promote or conduct any legitimate object or purpose...
Page 285 - The result is a conviction that the States have no power, by taxation or otherwise, to retard, impede, burden, or in any manner control, the operations of the constitutional laws enacted by Congress to carry into execution the powers vested in the General Government.
Page 284 - After the most deliberate consideration, it is the unanimous and decided opinion of this court that the act to incorporate the Bank of the United States is a law made in pursuance of the constitution, and is a part of the supreme law of the land.
Page 428 - Sec. 3.* The Federal Reserve Board may permit or require any Federal reserve bank to establish branch banks within the Federal reserve district in which it is located or within the district of any Federal reserve bank which may have been suspended.
Page 25 - district" shall be held to mean Federal reserve district; the term "reserve bank" shall be held to mean Federal reserve bank. Federal Reserve Districts SEC. 2. As soon as practicable, the Secretary of the Treasury, the Secretary of Agriculture and the Comptroller of the Currency, acting as "The Reserve Bank Organization Committee...
Page 599 - ... discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale...
Page 642 - Federal reserve banks in the effective discharge of their function of so managing the credit facilities of the Federal reserve system as to accommodate commerce and business, it is its duty to inquire into them and to take such measures as may be deemed suitable and effective in the circumstances to correct them, which in the immediate situation means to restrain the use, either directly or indirectly, of Federal reserve credit...
Page 591 - That it shall be unlawful for any bank or trust company organized under the laws of this State and doing business in this State...